Question
Imari Brown is attending community college. She has $2,000 of education expenses. She claims herself on her tax return. She is trying to decide between
Imari Brown is attending community college. She has $2,000 of education expenses. She claims herself on her tax return. She is trying to decide between the tuition and fees deduction or an education credit. Imari is in the 15% tax bracket.
(a) Calculate the tax reduction under both options
- Tuition and fees deduction=
2. Education Credit=
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
